Hong Kong Buys $603 Million In First Peg Intervention Since 2009http://www.businessinsider.com/hong-kong-buys-603-million-in-first-peg-intervention-since-2009-2012-10/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 31 Mar 2015 18:42:52 -0400Fion Li, Vinicy Chanhttp://www.businessinsider.com/c/50841293ecad049510000003dsesSun, 21 Oct 2012 11:19:47 -0400http://www.businessinsider.com/c/50841293ecad049510000003
Yea, your kids and grandchildren will be using those as toilet papers.http://www.businessinsider.com/c/5082e3eaeab8ea2677000015Hong KongerSat, 20 Oct 2012 13:48:26 -0400http://www.businessinsider.com/c/5082e3eaeab8ea2677000015
Hong Kong people really get screwed by Beijing's insistence of pegging Hong Kong dollar to the US dollar. Property value rises and rises beyond affordability of most.http://www.businessinsider.com/c/50829a526bb3f7891b00001bShamusSat, 20 Oct 2012 08:34:26 -0400http://www.businessinsider.com/c/50829a526bb3f7891b00001b
Buy all you want. We'll print more.http://www.businessinsider.com/c/508274c0eab8ea3d0d000007black swanSat, 20 Oct 2012 05:54:08 -0400http://www.businessinsider.com/c/508274c0eab8ea3d0d000007
"The de facto central bank bought $603 million today at HK$7.75 to the dollar,"
Let's put that amount of money in perspective. " Between 2003 and 2008, over $40 billion in cash was secretly shipped in trucks from the New York Federal Reserve compound in East Rutherford, New Jersey to Andrews Air Force Base outside of Washington, where they were then flown by military aircraft to Baghdad International Airport. In just the first two years, the shipments of dollar bills weighed a total of 363 tons. But much of that money was stolen, misappropriated, and simply lost."